Farmers Group, a Zurich affiliate, will pay almost $4 billion to purchase MetLife’s property and casualty business (MetLife Auto & Home), according to a December 11, 2020 news release. The transaction is expected to close in the second quarter of 2021. Law firms that are members of the Farmers panel counsel and MetLife panel counsel […]
TypTap To Expand Homeowner Insurance Nationwide
Indiana, Mississippi, Montana, South Carolina, South Dakota, and Utah are six new states where TypTap Insurance Company will write homeowners insurance, according to a December 16, 2020 news release. Aspiring TypTap panel counsel members will want to make a note of this expansion. A rapidly growing, technology-driven property and casualty insurer, TYPTAP Insurance Company was […]
Profile on Encova: Motorists and BrickStreet Rebranded
Motorists Insurance Group and BrickStreet Insurance merged in a 2017 joint venture that did not require policyholder approval. The two companies now operate under the new name Encova Mutual Insurance Group following a July 2019 rebranding effort. The merged company is headquartered in the Columbus, Ohio home of Motorists. Encova is now a super-regional carrier […]
Layoff News for Allstate Panel Counsel Members
Claims professionals will be among the 3,800 planned layoffs, according to an Allstate news release dated September 30, 2020. Sales, service, and support personnel are also included in the staff reductions. Allstate panel counsel law firms will want to monitor implications for their case files. Allstate Chief Executive Thomas Wilson said of the layoffs, “somewhere […]
Travelers Panel Counsel Insights
COVID-related insurance claims were a key focus of the second quarter report filed by The Travelers Companies, Inc. with the U.S. Securities & Exchange Commission on July 23. According to the report, Travelers panel counsel members have probably seen an increase in early COVID-related claims in the following areas: Hospital workers collecting workers’ compensation benefits […]
Retail Panel Counsel Claim News
Slip and fall claims are falling along with the shopper’s feet that beat a path to retailer’s doors. Retail panel counsel members are sure to notice the shrinkage in claim levels. As e-commerce growth is accelerated by a surge of COVID-19 work-from-home buyers, dozens of traditional brick-and-mortar retailers are filing for bankruptcy in 2020. The […]
News Items for Chubb Panel Counsel Members
Chubb’s Pandemic Business Interruption Program is one initiative that Chubb panel counsel members may want to follow. The world’s largest publicly traded property and casualty insurance company is proposing a that a public–private partnership (PPP) can help businesses be better prepared for the next pandemic. Key features of the Chubb PPP proposal include the following: […]
Allstate to Acquire National General
Allstate is growing market share with its plans to acquire National General Holdings Corporation in a $4 billion cash deal expected to close in early 2021. The Allstate Corporation is the nation’s largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, and Answer Financial brand names and Allstate Financial […]
Global Hawk Insurance to Liquidate
A Vermont Superior Court issued a liquidation order for Global Hawk Insurance Company Risk Retention Group on June 8, 2020. The Commissioner of the Vermont Department of Financial Regulation is named as Liquidator. Any proof of claims against Global Hawk must be filed by December 8, 2021. As of April 30, 2020, court records indicate […]
Lemonade Initial Public Offering Filed
Paying insurance claims in three seconds using artificial intelligence is one way that Lemonade, Inc. intends to gain a competitive advantage in the market for renters and homeowners insurance, according to the Lemonade initial public offering filed with the SEC on June 6, 2020. Formerly known as Lemonade Group, Inc., Lemonade, Inc. was incorporated as […]
